The contentious and turbulent lawsuit against the iconic Remington over triggers in their 700 line of rifles is open for claims.
A special website has been set up with information on how to file a claim, and there is also a toll-free hotline, 1-800-876-5940.
Remington continues to maintain that the rifles are safe. The company submitted evidence in support of their claim, however they did not take this case before the Supreme Court by the Tuesday deadline.
The settlement covers an estimated 7.5 million guns dating back to 1948. In addition to the Model 700 rifle, the agreement covers Remington bolt-action rifle models Seven, Sportsman 78, 673, 710, 715, 770, 600, 660, 721, 722, 725, and the XP-100 bolt action pistol. Plaintiffs’ attorneys note that the settlement only covers economic losses from ownership of the allegedly defective guns. Other claims alleging personal injury or wrongful death can still go forward.
In most cases under the class action settlement, owners will be able to send or bring their guns to Remington or an authorized service center, where they will be retrofitted with a new trigger free of charge. There is no word on how long the repairs will take. However, Remington says some older models, specifically the 600, 660, 721, 722, 725, and XP-100, are too old to retrofit. In those cases, Remington will supply a product voucher worth as little as $10.
Full story from CNBC here.